Manufacturing Today Issue - 222 March 2024 | Page 48

Exclusive Feature ______________________________________________________________________________________________
Another significant trend is increasing digitization , using technology and AI
and adopting various new strategies like dual sourcing , consigned inventory , and insourcing . Another pivotal aspect of our efforts involves fostering a robust sales and operations planning process and actively engaging with key customers to anticipate and meet forecasted demand .
“ These proactive initiatives and customer collaborations underscore our commitment to adaptability and responsiveness in the face of changing market dynamics . By diversifying our sourcing channels and enhancing internal processes , we ’ re positioning ourselves to effectively navigate challenges within the supply chain , ensuring a reliable and consistent service even in times of uncertainty .”
As our conversation turns to the future , Alex is keen to share his vision and ambitions of Pelsis . “ We closely monitor the changing landscape of the industry , with key trends revolving around sustainability , reducing use of chemicals , and providing natural or biodegradable pest control methods ,” he says .
“ Another significant trend is increasing digitization , using technology and AI to develop new products and services that assist with challenges around labor availability . Linked to this is integrated pest management , which means developing connected and proactive measures to protect public health . Above all , we must ensure that we maintain a product portfolio capable of evolving alongside changes to the legislation and regulations that govern our industry .
“ Although there are opportunities in almost all markets , especially those with warm climates and developing economies , our five-year plan is primarily focused on growing our market share in the areas we already have direct business operations .
48